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Introduction to Business Globalization Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Choose the best description for globalization of business.

Question 2 2.

Which of the following indicates why a global business would have multiple operating locations?

I. Reduced labor

II. Reduced distribution cost

III. Increased production cost

Question 3 3. ABC Company ltd is a company involved in the sale of beef burgers and is planning to enter into the Indian market. Identify the factor that will require ABC Company Ltd to revisit its product.

Question 4 4. Select the company that is involved in production globalization.

Question 5 5. Which institution's purpose is to arrange and organize global trade?

Page 2

Question 6 6. What institution was established in 1944 for the purpose of providing business loans?

Question 7 7. Which of the following is a key driver of globalization?

Question 8 8. How can technological innovation help a company become globalized?

Question 9 9. What is outsourcing?

Question 10 10. What is the term used to describe the economic agreements and interactions that take place among people in different countries?

Page 3

Question 11 11. Which of the following describes a sweatshop?

Question 12 12. What is the term used to describe a situation where one person has to lose in order for another to gain?

Question 13 13. _____ include when and how long people work, the amount they will be paid, and the availability of safety equipment and safeguards for the workers.

Question 14 14. When people from one country or area move to another in pursuit of work and opportunities, it is known as _____.

Question 15 15. In the past, _____ have improved the conditions in the workplace through the use of tactics such as strikes, as well as advocacy for laws to benefit workers.

Page 4

Question 16 16. Many _____ between different countries outline labor standards and practices, and by signing the agreement, the countries involved agree to follow these standards.

Question 17 17. Why is Coke's international business strategy successful?

Question 18 18. _____ occurs when a company seeks revenue by expanding and developing markets outside of its home country's borders.

Question 19 19. Which of the following might Coke do to enter an international market?

Question 20 20. Coca-Cola decided to market all of its top beverages under one tagline. What is the main goal behind this move?

Page 5

Question 21 21. Why must an international manager pay close attention to the legal environment of a foreign country?

Question 22 22. Why is the political environment an important aspect of the international manager's global mindset?

Question 23 23. Why is the economic environment an important aspect of the international manager's global mindset?

Question 24 24. Why must an international manager consider the sociocultural issues present in each foreign country?

Question 25 25. The example of worker exploitation is when a country can use workers from another country to produce items _____.

Page 6

Question 26 26. The exchange of goods, ideas, and services as well as even political, cultural, and religious views on a worldwide scale where the world can be seen as one giant market, is know as _____.

Question 27 27. Who can be affected by wealth fluctuation as a result of globalization?

Question 28 28. Countries try to limit their risk for economic inequality through the use of trade agreements, _____, and legislation.

Question 29 29. DUFRY Company Ltd is deciding whether to locate its facilities in multiple countries. Which factor might lead them to decide against this idea?

Question 30 30. If one country wanted to limit the importing of U.S. potatoes and commercialize their own potatoes for a given restaurant chain, how would the World Trade Organization probably react?

Introduction to Business Globalization Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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